Goldman Sachs is out with its latest jobs growth tracker and it shows a decline of 50K jobs. Compound that with the Challenger numbers this week, today’s ADP reading and there is a compelling case for some weakness in the month.
That said, a big portion of Goldman’s modelled decline in jobs is due to government jobs via the shutdown. Those will reverse this month when the government reopens.
This article was written by Adam Button at investinglive.com.
